Prasad Wealth Partners LLC Sells 61 Shares of VanEck Oil Services ETF $OIH

Prasad Wealth Partners LLC reduced its stake in VanEck Oil Services ETF (NYSEARCA:OIH) by 6.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 910 shares of the company’s stock after selling 61 shares during the quarter. Prasad Wealth Partners LLC’s holdings in VanEck Oil Services ETF were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Mraz Amerine & Associates Inc. boosted its stake in shares of VanEck Oil Services ETF by 0.8% in the first quarter. Mraz Amerine & Associates Inc. now owns 7,615 shares of the company’s stock valued at $1,990,000 after buying an additional 58 shares during the period. ST Germain D J Co. Inc. raised its position in VanEck Oil Services ETF by 5.9% during the second quarter. ST Germain D J Co. Inc. now owns 1,233 shares of the company’s stock valued at $284,000 after purchasing an additional 69 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in VanEck Oil Services ETF by 5.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,468 shares of the company’s stock valued at $355,000 after purchasing an additional 77 shares in the last quarter. Janney Montgomery Scott LLC raised its position in VanEck Oil Services ETF by 6.0% during the second quarter. Janney Montgomery Scott LLC now owns 1,412 shares of the company’s stock valued at $325,000 after purchasing an additional 80 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in VanEck Oil Services ETF during the first quarter valued at approximately $26,000. 94.50% of the stock is currently owned by institutional investors.

VanEck Oil Services ETF Price Performance

Shares of OIH opened at $265.31 on Tuesday. VanEck Oil Services ETF has a one year low of $191.21 and a one year high of $311.28. The company has a market cap of $968.38 million, a P/E ratio of 10.97 and a beta of 1.99. The firm has a 50 day simple moving average of $251.37 and a two-hundred day simple moving average of $238.04.

VanEck Oil Services ETF Profile

The VanEck Oil Services ETF (OIH) is an exchange-traded fund that is based on the MVIS US Listed Oil Services 25 index, a market-cap-weighted index of 25 of the largest US-listed, publicly traded oil services companies. OIH was launched on Feb 7, 2001 and is managed by VanEck.